NEW YORK ( TheStreet) -- U.S. stock futures were pointing to a lower start for Wall Street Monday as investors take profits following recent rallies in global markets after U.S. lawmakers reached a deal to avert the U.S. economy from going over the so-called fiscal cliff.

European stocks were moving lower while Asian shares finished Monday's session mostly to the downside. Japan's Nikkei 225 index fell 0.8% to close at 10,599.01.

The economic calendar in the U.S. Monday includes the Conference Board's employment trend index for December at 3 p.m. EST.

U.S. stocks on Friday rose following upbeat December jobs and services-sector growth reports.

The Dow Jones Industrial Average gained 44 points, or 0.3%, at 13,435. The blue-chip index posted its biggest weekly point gain since December 2011. The index finished up 1.9% for the week.

The S&P 500 added 7 points, or 0.5%, to 1,466 to post its highest close since 2007. The index finished up 2.5% for the week. The Nasdaq ended up 1 point to 3,102.

A $10 billion settlement to resolve claims of foreclosure abuses by 14 major banks is expected to be announced as early as Monday, The New York Times reported, citing several people with knowledge of the settlement.

All 14 banks , including JPMorgan Chase ( JPM), Bank of America ( BAC) and Citigroup ( C), are expected to sign on, according to the Times.

Chipmaker Nvidia ( NVDA) unveiled a handheld game console on Sunday as the Consumer Electronics Show in Las Vegas kicked off.

A new study by researchers at the Federal Reserve Bank of New York suggests that bondholders still don't believe the government would ever let the firms collapse into bankruptcy -- after a decade of efforts by regulators to convince them otherwise. But at least one analyst who tracks big Wall Street firms' bonds says there may be an even bigger problem: Investors, pressured by the need to generate income, simply don't care whether the banks are too big to fail -- one way or the other.

Goldman Sachs Group Co-President and former CFO Harvey Schwartz will retire April 20, the company said Monday in a press release. The announcement came just days after the Wall Street Journal reported that CEO Lloyd Blankfein is preparing to step down, possibly later this year.